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Satsuma shareholders vote 90% to liquidate bitcoin treasury and delist
Edgen Crypto·Jul 21 2026, 20:38Share to
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[1] Satsuma shareholders approve bitcoin treasury liquidation and London delisting (https://www.theblock.co/post/409155/satsuma-s ...)[2] Bankruptcy Court Clears $130M Ripple Share Sale Led by Galaxy Digital’s $60M Block (https://www.coinspeaker.com/linqto-ripple-equ ...)[3] Learn All Crypto Topics | Phemex Academy - Phemex (https://phemex.com/academy/why-bitcoin-treasu ...)[4] Satsuma Technology shareholders approve bitcoin liquidation and London delisting - Traders Union (https://tradersunion.com/news/cryptocurrency- ...)[5] REG - Satsuma Tech PLC - Result of GM - TradingView (https://www.tradingview.com/news/reuters.com, ...)
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Jul 21 2026, 21:45
Circle wins bank charter as Allaire predicts $1 trillion stablecoin shift
**Stablecoins are moving beyond crypto trading to become invisible payment rails in the global financial system.** Circle won a US national digital currency bank charter on July 10, and CEO Jeremy Allaire said stablecoins will soon operate invisibly behind everyday payments — a shift he forecasts will grow the market from $257 billion to several trillion dollars. "Stablecoins were built for crypto exchanges. That era is ending," Allaire said in a CNBC interview. "It's now becoming a market for payments. It's now penetrating capital markets with major capital markets firms." Circle's First National Digital Currency Bank — the first digital asset bank the OCC has ever chartered — provides regulated infrastructure for institutions to treat USDC as digital cash. The charter arrives as USDC's $73 billion market cap trails Tether's USDT at $184 billion, per DefiLlama data. Reserve interest generated 94% of Circle's $694 million first-quarter revenue, a concentration the company is trying to reduce through its Arc blockchain platform. Analysts project the stablecoin market could reach $1 trillion to several trillion dollars in coming years, Allaire said. The timeline depends on the GENIUS Act, the US stablecoin law signed in July 2025, which takes full effect by Jan. 18, 2027 — giving issuers and banks roughly six months to build compliant infrastructure. **Circle's Arc bet and the Tether gap** Circle is building a four-layer financial stack around Arc, its new blockchain that settles transactions in under a second. More than 100 firms, including Goldman Sachs, Mastercard and Visa, joined the Arc testnet after its October 2025 launch, processing roughly 15 million transactions in the week ending July 15. The company raised $222 million in an ARC token presale at a $3 billion valuation, with BlackRock, a16z crypto and ARK Invest participating. The push to diversify comes as Tether's USDT dominates crypto trading with a roughly $184 billion market cap and $48 billion in daily turnover — four times USDC's volume, per CoinGecko data. USDC's market cap has slipped from $77 billion since the end of March. Traders still remember USDC de-pegging to $0.88 in March 2023 after $3.3 billion of its reserves sat frozen at Silicon Valley Bank. USDC handled 63% of stablecoin transaction volume in the first quarter, per Visa Onchain Analytics data cited in Circle's results. But Circle shares have fallen roughly 76% from their post-IPO peak. **Rivals are not waiting** Augustus, a startup building the Global Dollar Bank, raised $180 million in a Series B round at a $1 billion valuation on July 21, led by Tiger Global. The company received conditional OCC approval for a national bank charter in May, offering direct dollar access to international fintechs and banks — competing with Circle's vision of stablecoin-based dollar distribution. Europe is testing a digital euro, and a new consortium coin is squeezing USDC yields. If banks stall past the January 2027 GENIUS Act deadline, Allaire's invisible stablecoin future may remain a crypto product a while longer. "Every major institution, every major bank, every capital markets firm, payments companies, enterprises, public companies can all now build on this infrastructure, treat it as digital cash in the economic system," Allaire said. This article is for informational purposes only and does not constitute investment advice.
Jul 21 2026, 21:43
Bitcoin ownership tops gold among 49.6 million US adults, report shows
**Bitcoin has surpassed gold in US household adoption, with 49.6 million American adults now holding the cryptocurrency, a Nakamoto Project report shows.** Bitcoin ownership among US adults surpassed gold for the first time, with 49.6 million holders versus 28.8 million for gold, a report from The Nakamoto Project shows. The 49.6 million Bitcoin holders represent 18.6% of the US adult population, compared with 10.8% for gold, according to the report compiled by financial services firm River. "Bitcoin's 16-year history has overtaken gold's 5,000-year legacy in adoption among American adults," the report said. The milestone comes as prediction markets price a 76.5% probability of Bitcoin reaching $67,500 in July, while the likelihood of hitting $82,500 stands at just 1%, according to Vera prediction-market data. US spot Bitcoin ETFs logged $75.7 million in net inflows last week, their second consecutive positive week, CoinGlass data shows. The two-week recovery of $273.1 million covers just 3.3% of the $8.2 billion that exited over the prior eight weeks, indicating institutional flows remain cautious despite the adoption milestone. **Ownership Shift and Market Implications** The shift in asset preference could reinforce Bitcoin's standing as a store of value and potentially drive further demand from both retail and institutional investors. Gold has surged to $5,300 per ounce, while Bitcoin has declined about 10% over the past year, yet the cryptocurrency has still attracted more US holders than the precious metal — a dynamic that challenges gold's long-held status as the preferred inflation hedge among American households. Market participants are watching for regulatory developments that could provide additional tailwinds. Progress on the CLARITY Act and the Digital Asset Market Structure bill in the Senate is injecting optimism into the narrative, though the legislative timeline remains subject to procedural risk. **Key Levels and Catalysts** Bitcoin faces immediate resistance at $67,500 to $68,000, with a sustained move above that level potentially opening a path toward $71,500, according to technical analysis. The 50-day simple and exponential moving averages are converging in the $66,000 to $67,000 zone, which needs to be convincingly reclaimed for a credible advance. On the downside, the 20-day exponential moving average at $63,000 serves as the first support level, with $60,000 and the 200-week moving average at $59,000 acting as structural floors. A drop below $65,900 could lead to a retest of $61,500 and $60,000, with $59,000 marking the boundary between a bull-market correction and a structural breakdown. The July 29 Federal Open Market Committee meeting represents the next major macro catalyst. Rate guidance from the Fed, combined with ETF flow trends, will likely determine whether Bitcoin can hold above $66,000 or retest lower support levels in the weeks ahead. This article is for informational purposes only and does not constitute investment advice.
Jul 21 2026, 21:37
Solana tokenized assets hit $5.8B in Q2 as RWA surge accelerates
Solana processed $5.8 billion in tokenized asset volume during the second quarter, a 114% increase from the prior period and a sixth consecutive quarterly record. "Solana's dominance in institutional real-world asset settlement is now cemented, with the network handling over 96% of all tokenized stock trades across blockchains," Blockworks Research said in its Q2 2026 report. Tokenized equities drove the surge, reaching $4.8 billion — more than four times the first-quarter total. Monthly volume accelerated through the quarter, climbing from $670 million in April to $871 million in May before jumping to $3.3 billion in June. The June spike was fueled largely by SpaceX's public listing on June 12, the largest IPO in history, with a tokenized version of the stock issued through Sunrise and distributed via Backpack accounting for roughly $770 million of that month's volume. The growth positions Solana as the dominant blockchain for tokenized real-world assets, a market that has nearly tripled to over $33 billion in the past year, excluding stablecoins. While SOL fell 11% during the quarter, the decline was less severe than bitcoin's 15% slide, and the token has gained 6% in July. The broader RWA tokenization trend is drawing institutional capital as traditional finance seeks on-chain settlement rails. **The Rest of Solana's Q2 Tells a Different Story** Not everything on Solana grew. Real Economic Value — a measure of total network revenue from fees and tips — fell 43% to $51 million, extending a decline that followed the fading of last year's meme coin frenzy. Priority fees dropped 45% to $30.8 million, and tips paid to validators through Jito fell 50% to $9.9 million. Revenue generated by applications built on Solana fell 31% to $228.4 million, the lowest quarterly total since the first quarter of 2024. DEX spot trading volume declined to $160.8 billion. Despite the revenue headwinds, SOL spot ETPs recorded $120 million in net inflows, and 427 million SOL — roughly two-thirds of the total supply — remained staked. **What to Watch** The tokenized asset pipeline continues to expand. Issuers have added tokenized versions of Micron, SanDisk, and the Roundhill Memory ETF, and together with SpaceX, these four assets brought in more than $1 billion in June trading alone. Prediction markets are pricing a 9% probability of SOL reaching $90 in July, up from 6% a day earlier, reflecting growing confidence in the network's institutional trajectory. This article is for informational purposes only and does not constitute investment advice.